Dp 3 ans special form - Study guides, Class notes & Summaries

NY Independent General Adjuster Exam - Series 17-70 (+180 Questions and Answers |Guarantee Pass Dram Shop Liability refers to: {{Correct Ans- Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? {{Correct Ans- Neglect. To be eligible for the New York assigned risk auto plan a person mus...

AINS 102 Ch 4 Questions & Answers Marcus is buying insurance for his recent home purchase that will be covered by a DP-3 policy. In reading his policy, which one of the following will Marcus find is true? Select one: A. The DP-3 excludes coverage for theft of property that isn't part of the covered structure. B. The DP-3 provides named perils coverage for the dwelling and personal property. C. Marcus needs to add an endorsement to the DP-3 to cover personal property damage. D. Marcus wa...

Marcus is buying insurance for his recent home purchase that will be covered by a DP-3 policy. In reading his policy, which one of the following will Marcus find is true? Select one: A. The DP-3 excludes coverage for theft of property that isn't part of the covered structure. B. The DP-3 provides named perils coverage for the dwelling and personal property. C. Marcus needs to add an endorsement to the DP-3 to cover personal property damage. D. Marcus wants to add a theft endorsement to h...

AINS 102 Ch 4 Questions & Answers Marcus is buying insurance for his recent home purchase that will be covered by a DP-3 policy. In reading his policy, which one of the following will Marcus find is true? Select one: A. The DP-3 excludes coverage for theft of property that isn't part of the covered structure. B. The DP-3 provides named perils coverage for the dwelling and personal property. C. Marcus needs to add an endorsement to the DP-3 to cover personal property damage. D. Marcus wa...

Florida Claims Adjuster Exam All Answers Correct Severability Ans- Insurance applies separately to each insured as if other insureds did not exist. Abandonment Ans- Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest Ans- One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization Ans- States that if the insurer adopt...

Claims Adjuster's Exam (FL) [100% Correct] 2025 -$ 10,000 *$ 20,000* -$ 30,000 -$40,000 *Ans*An insured has A SPLIT limit liability policy with 10/20/10 limits. He owes the following people liability bodily injuries claims of: Passenger 1 = $12,000, Passenger 2 = $10,000, Passenger 3 = $18,000. How much liability insurance will his policy pay for these claims? -10 Days -30 Days -45 Days *60 Days* *Ans*Under the commercial property form, what length of time must expire before a...

FLORIDA CLAIMS ADJUSTER EXAM QUESTIONS ANDANSWERS 2023 EXAM GRADED A(OVER 200 QUESTIONS AND ANSWERS 100% VERIFIED) 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests: Ans- D. All listed interests Remember that the insurer is not responsible to know the degr...

The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as (Ans- A recipient location recipient location (Ans- Businesses who support insured by being the primary buyer for their products HO-3 (special form) (Ans- covers the dwelling and other structures on a risk-of-direct-physical loss basis. ...

All Lines Adjuster Exam Questions with Correct Solutions The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - ANS A recipient location recipient location - ANS Businesses who support insured by being the primary buyer for their products HO-3 (special form) - ANS covers the dwelling and ...

NY Independent General Adjuster Exam - Series 17-70 Dram Shop Liability refers to: - ANS Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? - ANS Neglect. To be eligible for the New York assigned risk auto plan a person must: - ANS Hold a valid driver's license. Any insurance ...